|Bid||53.90 x 13700|
|Ask||53.95 x 13300|
|Day's Range||53.25 - 54.45|
|52 Week Range||30.64 - 54.45|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||42.19|
|Earnings Date||Nov 21, 2019|
|Forward Dividend & Yield||0.62 (1.15%)|
|1y Target Est||43.28|
Contracts the German government signed with private companies to implement its road toll scheme - which a European court has since ruled illegal - were cancelled partly due to breaches by the companies, Transport Minister Andreas Scheuer said. Scheuer said the EU court ruling was one reason for cancelling the contracts but there had also been failures on the part of the companies as they had not respected certain deadlines and ordered services from sub-contractors even after the ruling.
The companies that were set to operate the German motorway vignette scheme scuppered by a European Court ruling earlier this week plan to demand 300 million euros ($339.21 million) compensation from Berlin, Der Spiegel reported on Friday. The magazine said that the vendor companies had expected to make some 2 billion euros in profit from the scheme, which the EU's highest court ruled discriminatory against drivers from neigbouring countries. The German Transport Ministry was attempting to reduce the size of the claims the government faced, Der Spiegel added.
Germany will accept and immediately implement the EU top court decision that a planned highway toll for cars breaches European law, Germany's transport minister said on Tuesday, but he added that the political discussion on the issue would continue. Asked whether Berlin is planning a new push to introduce a toll on users of Germany's highly frequented highways, Andreas Scheuer said: "It's much too early to say this today." He added a task force would now look into possible alternatives. The European Court of Justice earlier on Tuesday backed a challenge from Austria, which said Berlin's plan to put the economic burden of the toll on drivers from EU countries while giving German car owners a tax relief over the same amount, was discrimination.
A planned German highway toll for cars discriminates against foreign drivers and breaches European Union law, the EU's highest court said on Tuesday. The European Court of Justice backed a challenge from Austria, which charged the economic burden of the toll fell solely on drivers from EU countries other than Germany. The ruling means Germany cannot introduce the toll, which was due to take effect in October 2020.